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MBA Mortgage Applications (Jul 18)

Survey n/a
Actual -6.2%
Prior 1.7%
Revised n/a

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MBA Purchasing Index (Jul 18)

Survey n/a
Actual 335.6
Prior 359.7
Revised n/a

A zig down and looking soft. Tables below show largest drops are in applications for adjustable rate mortgages, particularly government mortgages.

Also, I recall JPM’s recent earnings report showed a substantial increase in consumer mortgage lending, which could be taking volume from the mortgage bankers surveyed in this report.

Housing may be leveling off and moving up some, but no signs of actual strength yet.

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MBA Refinancing Index (Jul 18)

Survey n/a
Actual 1392.7
Prior 1474.9
Revised n/a

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MBA TABLE 1 (Jul 18)

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MBA TABLE 2 (Jul 18)

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MBA TABLE 3 (Jul 18)

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MBA TABLE 4 (Jul 18)


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